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Nairaland Forum / Nairaland / General / Business / Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 (7103 Views)
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Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by MyVc: 12:44pm On May 11, 2019 |
Cement Company of Northern Nigeria (CCNN) has announced its first quarter 2019 unaudited financial results for the period ended 31st March 2019. The company grew its revenue from N5.39 to N16.89 billion. Year-on-Year this shows a performance growth of 213.36% for the period ended. The company's cost of sales surged from N3.1 billion to N9.1 billion. Business Hour Nigeria reports that CCNN gross profit appreciated from N2.2 billion to N7.6 billion. This shows Year-on-Year gross profit growth of 245.5%. Whilst the company's other income grew from N116.8 million to N2.1 billion. The company grew its Profit Before Tax (PBT) from N1.5 billion to N5.3 billion. This shows PBT growth of 253.3% on Year-on-Year performance basis. Cement Company of Northern Nigeria reported Profit After Tax (PAT) of N3.6 for the period ended. The company grew its PAT from N1.1 billion in Q1 2018 to N3.6 billion in Q1 2019. Year-on-Year the company's PAT was up by 227.3%. However, the company's Earnings Per Share (EPS) declined by 58 Kobo per share. The company's Earnings Per Share declined from 86 Kobo to 28 Kobo. Year-on-Year CCNN EPS was down by 67.4%. The selling and distribution expenses soared from N245.87 million to N1 billion. Whilst its administrative expenses increased from N597.65 million to N1.29 billion. Source: https://businesshournigeria.com/cement-company-o…rst-quarter-2019/ CC: Lalasticlala, Mynd44. 3 Likes
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Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by lordm(m): 1:51pm On May 11, 2019 |
T |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by BabaCommander: 6:39am On May 16, 2019 |
Looks impressive. Since it's northern owned, they wont kill it for Dangote. 7 Likes |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by myresearch: 6:40am On May 16, 2019 |
Nigeria population is good for business Apart from insecurity I will gladly encourage people to invest here Naija 7 Likes |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by blackpanda: 6:41am On May 16, 2019 |
K1voyage: Algeria ke Chai. Nigerians don suffer 16 Likes 1 Share |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by porshnuel: 6:41am On May 16, 2019 |
Which one is northern cement .....this alamajiris nw own nigeria full time 2 Likes |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by damola1: 6:42am On May 16, 2019 |
Cement ? Ok |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by Yahman1(m): 6:42am On May 16, 2019 |
this really impressive but me think the north got much Mud houses than concrete ones. 7 Likes |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by fabianiyobosa(m): 6:43am On May 16, 2019 |
Northern Nigeria? Not of Nigeria. So we can also have Southern Nigerian Petroleum Cooperation (SNPC) and not Nigerian National Petroleum Cooperation. We are not one in this country. 17 Likes 4 Shares |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by salbis(m): 6:44am On May 16, 2019 |
Their staff should also partake from this huge profit. |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by visijo(m): 6:45am On May 16, 2019 |
Noone keeps in touch like a woman you promised to send money.They be like,'Honey did you enjoy your day tommorow ?' 4 Likes |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by Nobody: 6:47am On May 16, 2019 |
can someone explain better which one is northern cement company of Nigeria 2 Likes |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by wickyyolo: 6:49am On May 16, 2019 |
myresearch: Leave them to complain . Go to USA and Canada. I have already gotten lands in Rwanda and Tanzania planning to open more shops. While they waste money trying to cross to spain 9 Likes |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by VellyG(m): 6:52am On May 16, 2019 |
K1voyage:You people have come again with all these nonsense when they start maltreating Nigerians u will be. The first to come here and complain. At this point where every country is rejecting us its time we need to sit backed and fix the country. 2 Likes |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by KidsNEXTdoor: 6:54am On May 16, 2019 |
The country of Northern Nigeria has her own hisbah police.... Which one does the country of southern Nigeria have? 1 Like |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by grandstar(m): 6:55am On May 16, 2019 |
K1voyage: There's nothing in Algeria even though it's richer than Nigeria |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by KidsNEXTdoor: 6:56am On May 16, 2019 |
VellyG: How can you fix a country that Buhari is leading? A man who promised to fight corruption and stop public office holders from seeking medical treatment abroad but was first to break the promise... A man without integrity who dines with corruption You can't fix such a country... Better find your way 5 Likes |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by NwaliE01: 6:57am On May 16, 2019 |
I didn't see growth. The company experienced sporadic cash flow. However, the company's Earnings Per Share (EPS) declined by 58 Kobo per share. The company's Earnings Per Share declined from 86 Kobo to 28 Kobo. Year-on-Year CCNN EPS was down by 67.4%. The selling and distribution expenses soared from N245.87 million to N1 billion. Whilst its administrative expenses increased from N597.65 million to N1.29 billion. That's not a good marginal profit considering the operational and administrative cost. 3 Likes |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by KidsNEXTdoor: 6:58am On May 16, 2019 |
myresearch: What about the power for the business Have you settled omonile and Mc oluomo boys Look... The country must find a way to hold you down Better japa now |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by ednut1(m): 6:59am On May 16, 2019 |
K1voyage:fear God |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by grandstar(m): 7:00am On May 16, 2019 |
wickyyolo: Di you know anything about gold business in Tanzania? |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by MANNABBQGRILLS: 7:00am On May 16, 2019 |
This is a very good NEWS. 1 Like |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by grandstar(m): 7:01am On May 16, 2019 |
wickyyolo: I appreciate what you write as it is based on information not on fantasy 1 Like |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by Nobody: 7:05am On May 16, 2019 |
How come he wants to sell his cement factory? |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by Nobody: 7:17am On May 16, 2019 |
Keyword: Unaudited 1 Like |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by DarryOsh(m): 7:22am On May 16, 2019 |
NwaliE01: You're smart bro. Most people read the headline and perharps first paragraph. And they think the company is doing spectacularly well. 5 Likes |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by Mindlesskid: 7:33am On May 16, 2019 |
With all this increase, your share price still dropped, i dont get. |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by abdulkayus(m): 7:43am On May 16, 2019 |
BabaCommander: U guys with your conspiracy theories against Dangote, ur excuses are becoming lame. Dangote is not the only cement producer in Nigeria, he may be the leader in cement producing. There are Bua, sokoto cement, lafarge cement, and others. |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by phemmie06(m): 8:04am On May 16, 2019 |
Mindlesskid:Yes the merger between ccnn and kalabaima leads to that |
Re: Cement Company Of Northern Nigeria Declares N16.89 Billion Revenue In Q1 2019 by freedomchild: 8:43am On May 16, 2019 |
we igbos do have our own cooperations especially in the banking industry. so the north can have theirs in cement industry but I don't see the future growth of their cement industry because northerners largely live in mud houses. Igbos won't patronize them as they already have ibeto cement whom they share there emotions with. |
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